Sift, the fraud prevention platform serving more than 700 brands including Patreon, Turo, and Remitly, has launched the Fraud Attack Defense Suite. It is a system of three agents that detect, investigate, and respond to fraud attacks. Attack Detection Agent is generally available and included in the core platform, with no new integration. It learns each business's normal traffic patterns and alerts teams when activity breaks from them. In its first month, it caught a multi-hour 20x transaction spike at a travel customer and a 13-hour card-testing surge at a retail customer. The Investigation and Response agents are available at a basic level. Sift plans to add automated responses. "Attacks need a first responder, not a police report," said Raj Jain, chief product officer at Sift.

Southern California startup Sift raised $17.5 million in a Series A funding round led by Google Ventures. Announced on June 25, the investment will help Sift expand its staff and accelerate the development of its platform, which aids engineers in analyzing hardware sensor data. Sift's automated data review product generates reports to highlight potential issues, benefiting industries like aviation, defense, energy, and transportation.